Revolut (exited)

THE DIGITAL BANKING ALTERNATIVE

LONDON, UNITED KINGDOM

More about Revolut

NJF Capital presents Revolut. Revolut launched in 2015 by targeting the customer pain of transferring money overseas. The traditional process was expensive, slow and labour intensive. Revolut's digital banking alternative answered these pain points via an easy-to-use platform available across all devices. The company has been extending its product suite, including a current account with a debit card, currency and cryptocurrency exchange, and peer-to-peer payments. The platform also includes a multi-currency feature, which allows customers to transfer, exchange and spend money across 150 currencies at the interbank exchange rate plus a tiny commission charge.

Three million people already use Revolut and it is clear that the company is shaping up to be a strong challenger to the traditional banks. Their international expansion is just beginning. Exited via Secondary Market in 2018 for $1.5b.